Yahoo! News: Europe News

Alcatel-Lucent to cut jobs as part of turnaround (AP) Posted: 12 Dec 2008 04:04 AM CST AP - Alcatel-Lucent SA said Friday it will eliminate another 1,000 white-collar jobs as part of its newly installed chief executive's plan to return the company to profitability.

Britons saving less, survey says (AP) Posted: 12 Dec 2008 03:54 AM CST AP - Britons have been putting away less savings from their paychecks every autumn since 2005, and nearly half are planning to save even less this winter as they struggle to stay afloat amid the economic downturn, according to a survey published Friday by a British savings organization backed by the country's Treasury.

Daimler buying stake in Russian truck maker (AP) Posted: 12 Dec 2008 03:50 AM CST AP - Daimler AG is buying a 10 percent stake in Russian truck maker OAO Kamaz under a $300 million deal signed Friday, the head of the German company's truck division and other officials involved said.

Russian troops leave Georgian village: EU monitors (Reuters) Posted: 12 Dec 2008 03:36 AM CST Reuters - Russian troops have pulled back from a Georgian village near the de facto border with breakaway South Ossetia, European Union monitors said Friday, easing fears of confrontation in the area.

BAA says passenger numbers fell 8.9 pct in Nov (AP) Posted: 12 Dec 2008 03:34 AM CST AP - BAA Ltd., Britain's largest airport operator, said Friday that the number of passengers going through its seven airports countrywide fell nearly 9 percent in November from a year ago, as the economic downturn eroded demand and flight cancellations surged because of the closure of Bangkok's international airport and problems at Air France.

Pound hits another record euro low (AFP) Posted: 12 Dec 2008 03:30 AM CST AFP - The pound hit record lows against the euro on Friday for a fifth day running as concerns grow over the outlook for Britain's economy.

London market opens down (AFP) Posted: 12 Dec 2008 03:28 AM CST AFP - The London stock market fell in early trade on Friday, tracking losses on Wall Street and in Asia after the US Senate blocked a bailout plan for the distressed US auto industry.

HBOS' bad loans charges swell to 5 billion pounds (AP) Posted: 12 Dec 2008 03:23 AM CST AP - Shares at HBOS PLC fell over 10 percent in early trading on Friday after the company said the amount of impairment charges it would have to take on bad consumer and corporate loans had swelled to 5 billion pounds ($7.5 billion) for the year.

German parts group Schaeffler needs 4-7 million euros: report (AFP) Posted: 12 Dec 2008 02:52 AM CST AFP - German auto parts group Schaeffler needs short term financing of four to seven billion euros (5.3-9.4 billion dollars) after taking on heavy debt to fund its takeover of compatriot Continental, a press report said on Friday.

Official warns Russia already in recession (AP) Posted: 12 Dec 2008 02:44 AM CST AP - Russian news agencies quote a senior economic official as saying that Russia faces at least two quarters of economic decline and is therefore in recession.

6 alleged Islamic extremists charged in Belgium (AP) Posted: 12 Dec 2008 02:37 AM CST AP - Belgian authorities have charged six suspected al-Qaida-linked extremists with membership in a terrorist group a day after they were detained in raids.

Official says 9 dead in Russian mine blast (AP) Posted: 12 Dec 2008 12:53 AM CST AP - An explosion and fire ripped through a mine in northern Russia, killing at least nine workers, an emergency official said Friday.

Greek-inspired protests spread across Europe (AP) Posted: 11 Dec 2008 03:54 PM CST AP - The unrest that has gripped Greece is spilling over into the rest of Europe, raising concerns the clashes could be a trigger for opponents of globalization, disaffected youth and others outraged by the continent's economic turmoil and soaring unemployment.

Nazi hunters fault Australia, Hungary for inaction (AP) Posted: 11 Dec 2008 03:51 PM CST AP - Australia, Hungary and Lithuania are failing to investigate and prosecute suspected Nazi war criminals largely due to a lack of political will, the Simon Wiesenthal Center said Thursday.

Germany may seek accused Nazi guard living in US (AP) Posted: 11 Dec 2008 03:29 PM CST AP - Germany's highest criminal court turned over to Munich prosecutors on Thursday the case against a retired Ohio auto worker accused of serving as a Nazi death camp guard, paving the way for his possible extradition from the United States for trial.

Storms drench Italy, 1 dead in Rome (AP) Posted: 11 Dec 2008 03:24 PM CST AP - Violent storms flooded parts of Rome on Thursday, killing at least one person as the sea threatened to once more inundate Venice.

Parents worldwide inspired to name kids for Obama (AP) Posted: 11 Dec 2008 12:22 PM CST AP - Romania's downtrodden Gypsies — once enslaved, like African-Americans, yet still struggling to overcome deep-seated prejudice — seem particularly inspired.

Entertainers hail Nobel laureate with concert (AP) Posted: 11 Dec 2008 12:19 PM CST AP - Scarlett Johansson hopes this year's Nobel Peace Prize concert will draw attention to laureate Martti Ahtisaari's method of solving conflict through mediation.

Gordon Brown's slip of the tongue prompts heckling (AP) Posted: 11 Dec 2008 11:32 AM CST AP - A slip of the tongue by British Prime Minister Gordon Brown led to some particularly loud heckling in Parliament.

You are subscribed to email updates from Yahoo! News: Europe News To stop receiving these emails, you may unsubscribe now.	Email Delivery powered by FeedBurner
Inbox too full? Subscribe to the feed version of Yahoo! News: Europe News in a feed reader.
If you prefer to unsubscribe via postal mail, write to: Yahoo! News: Europe News, c/o FeedBurner, 20 W Kinzie, 9th Floor, Chicago IL USA 60610